management • In managing a mutual fund, the AMC must proceed with honestly and care to preserve the interests of all unitholders, using knowledge and competence as a professional. • The AMC must have a policy
. SECTION 3. The definition “private fund management” in Section 4 of the Securities and Exchange Act B.E. 2535 shall be repealed and replaced with the following provision: “"private fund management" means
specified in a trust instrument, including any property, interest, debt and liability arising from management of a trust in compliance with a trust instrument or this Act. This English translation of the
and a trustee are the same person. “trust property” means any property as specified in a trust instrument, including any property, interest, debt and liability arising from management of a trust in
. “trust property” means any property as specified in a trust instrument, including any property, interest, debt and liability arising from management of a trust in compliance with a trust instrument or this
15 The following provision shall be added as Section 124/1 of the Securities and Exchange Act B.E. 2535: “SECTION 124/1 For the management of a mutual fund, a securities company shall proceed with
. "securities business" means any of the following securities businesses: (1) securities brokerage; (2) securities dealing; (3) investment advisory service; (4) securities underwriting; (5) mutual fund management
service; (4) securities underwriting; (5) mutual fund management; (6) private fund management; (7) other businesses relating to securities as specified by the Minister upon recommendation of the SEC
institutional investors shall register with the SEC Office, unless it engages in the derivatives fund management business for a mutual fund under the Securities and Exchange Act, then a license from the SEC is
institutional investors shall register with the SEC Office, unless it engages in the derivatives fund management business for a mutual fund under the Securities and Exchange Act, then a license from the SEC is